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Santa Claus Can Be A Financial Teaching Tool
Reining in holiday spending gets complicated when your young children really believe that reindeer are involved.
It’s one thing to tell teenagers that money is tight this year and there will be slim pickings under the tree. But kids who still believe in Santa Claus see Christmas a bit differently.
After all, Santa makes all the gifts. So what’s wrong with asking for a Nintendo DS and an iPod?
But today’s tough economy can be a great opportunity for parents to teach even the littlest kids some powerful lessons about money and spending, says Susan Beacham, founder of moneysavvygeneration.com, which sells educational products to teach kids about money.
Austin Keck of Sammamish, Wash., decided to help his parents out a little this year when his 9-year-old sister, Stacie, asked what the economy had to do with Santa’s Workshop.
Austin simply explained that Santa may make the toys, but he “sends the bills to the parents.”
Beacham suggests telling little ones that they should put their “No. 1 need and No. 1 want” on a list for Santa.
“It’s important for kids to understand that Santa is going to bring some needs” as well, she says.
It’s also important to remind kids that Christmas is about more than gifts, she says. Along with its religious aspects, Christmas should be about families spending time together, she says.
Photo by yksin.
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cassy on November 25th, 2008 10:02 pm
Christmas is the time when kids are being happy coz this time they can recieved gifts and can ask what they wants to their parents. They dont know how hard it is to earn money this days.
At a very young age, its nice to teach the kids on how to spend christmas without expecting something like gifts but also time of giving.
Its also time to tell them how important money is.
If ever parents really want to give gifts to their kids, see to it that the gift is worthy and kids can learn something from it!
Jaclyn on November 26th, 2008 12:11 pm
That was a great and cute idea that austin had telling his little sister that the bills come to the parents. that way the child wont think that everything is for free…this way the child still think’s santa makes them everything they want and all that they get is ultimately because of mom and dad.
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